CEE Commentary

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Export-Import Bank Reauthorization Progresses

Monday evening, July 27, the Senate voted to amend the Highway Bill to include a 5-year Export-Import Bank reauthorization. The vote was 64 in favor, 26 opposed, with 10 not voting. With the Senate having voted on this amendment, it will now complete the process of voting on the amended bill and send it to the House of Representatives, likely Thursday.

Unfortunately, there remains considerable uncertainty about how it will be received in the house. Majority Leader McCarthy on Monday declared that the House will not take up H.R. 22, preferring the House’s original five-month Highway bill. It is understood that if the Congress reverts back to a short term Highway bill, the Kirk Amendment will not be included.